Scott Bessent is set to have a confirmation hearing as Donald Trump's pick Department of Treasury secretary on Thursday.

Britain's Labour government will back plans for a third runway at London's Heathrow Airport, finance minister Rachel Reeves announced on Wednesday, saying the project could create over 100,000 jobs in the economy.

Monday to confirm Scott Bessent to lead the Treasury Department. Why it matters: A financier focused on global macroeconomics, Bessent will play a key role in shepherding administration efforts to extend the 2017 tax cuts and will be an influential voice on trade policy as Trump seeks to impose higher tariffs on U.